✨💥Breaking News: CreatorPad from Binance is collaborating with the Booster of Binance Wallet!
The first collaboration project is @BitlayerLabs 💥✨
What is Bitlayer?✨
Bitlayer is a native security architecture based on Bitcoin, building a trust-minimized BitVM bridge, yield-bearing asset YBTC, and high-throughput Bitcoin Rollup, bringing true utility, speed, and composability to Bitcoin, and establishing a complete DeFi infrastructure for the Bitcoin ecosystem.
With a funding of 25 million for btcl2, the main investors include: Polychain, Framework Ventures, ABCDE, Franklin Templeton, okx, and other large VCs😎
In simple terms: Bitlayer is a new thing built on Bitcoin's security architecture, and its first core is:
1. BitVM Bridge: Makes cross-chain transactions between Bitcoin and other chains safer, without relying on third-party trust, reducing the risk of hacks or defaults.
2. Yield-bearing asset YBTC: Allows your Bitcoin not only to appreciate in value but also to earn "interest," similar to staking or DeFi yields on Ethereum.
3. High-throughput Bitcoin Rollup: Solves the problems of slow Bitcoin network and high transaction fees, making transactions faster and cheaper, while also supporting complex smart contracts.
What are the benefits?✨
✅ Bitcoin is no longer just "digital gold" - Previously, Bitcoin could only be bought and held for appreciation; now it can be used in DeFi to earn yields, maximizing its utility.
✅ Faster and cheaper transactions - Rollup technology allows the Bitcoin network to achieve high speed and low fees similar to Solana and Ethereum Layer2.
✅ Higher security - Based on Bitcoin's native security architecture, it is more reliable than randomly chosen third-party cross-chain bridges.
✅ A more complete ecosystem - In the future, Bitcoin will also have a full suite of DeFi including lending, DEX, stablecoins, etc., so there's no need to envy the Ethereum ecosystem anymore.
In short, Bitlayer aims to transform Bitcoin from "lying flat" to a "money-making machine," while maintaining security and decentralization, which will be a significant leap! 🚀
